EANS-News: P&I Personal & Informatik AG Sustained high profitability
--------------------------------------------------------------------------------
Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
--------------------------------------------------------------------------------
quarterly report
Subtitle:
2.6 per cent sales growth
EBIT margin at 25.2 per cent
Wiesbaden (euro adhoc) - P&I Personal & Informatik AG increased overall sales in
the first nine months of fiscal 2011 / 2012 (April 1, 2011 to December 31, 2011)
by 2.6 per cent to 53.1 million euros (previous year: 51.8 million euros) and
recorded earnings before tax and interest (EBIT) of 13.4 million euros (previous
year: 11.8 million euros). This represents an EBIT margin of 25.2 per cent
(previous year: 22.8 per cent). The result before depreciations amounted to 14.8
million euros. The P&I Group is pleased to announce a result of 9.9 million
euros after tax (EAT).
"With a sales volume of 18.6 million euros in the third quarter, P&I has
slightly improved on the previous year´s best sales quarter", said Vasilios
Triadis, Chairman of the Board of P&I AG. "But what is even more important is
that our operation continues to be highly profitable and this set the course for
the future success of P&I. Our targets are innovative software solutions and
high quality services and we are focusing on providing excellent service for our
new customers as well as our long-standing customers. This creates the basis for
sustained growth."
License sales remained at the previous year´s level at 13.2 million euros and
this figure represents a 25 per cent share of the Group´s overall sales. The
maintenance business continued to grow as planned when compared to the
comparable period in the previous year and sales amounted to 21.8 million euros.
41 per cent of the overall P&I Group sales were generated by the recurring
maintenance business. The Service business, which recorded increased sales
during the previous fiscal year as a result of special effects, recorded a
slight decline but still contributed 16.4 million euros (previous year: 17.5
million euros) to the overall Group sales. This corresponds to a 31 per cent
share of overall sales.
Sales in Germany grew by 4 per cent to 42.3 million euros when compared to the
previous year (40.6 million euros). The P&I Group generated sales of 10.8
million euros or a good 20 per cent of overall sales in the international
business sector.
The operative result rose by 1.6 million euros to 13.4 million euros. Our costs
dropped slightly when compared to the previous year, so that the increase in
sales was reflected in the correspondingly higher EBIT.
All in all, P&I can restate its forecasts for fiscal 2011/2012: If a small
growth is recorded as compared to the previous 2010/2011 fiscal year, then the
P&I Group expects an increase in the EBIT and a slight increase in the EBIT
margin.
Further inquiry note:
Andreas Granderath
+49 (0)611 7147-267
agranderath@pi-ag.com
end of announcement euro adhoc
--------------------------------------------------------------------------------
company: P&I Personal & Informatik AG
Kreuzberger Ring 56
D-65205 Wiesbaden
phone: +49(0)611 7147 267
FAX: +49(0)611 7147 367
mail: aktie@pi-ag.com
WWW: www.pi-ag.com
sector: Software
ISIN: DE0006913403
indexes: CDAX, Prime All Share, Technology All Share
stockmarkets: free trade: Berlin, Hamburg, Düsseldorf, Stuttgart, regulated
dealing/prime standard: Frankfurt
language: English